Insurer Mercury Says It Will Survive and Prosper Despite California’s Wildfires
The stock had slumped 25% after the fires to around $50 as investors made the small-cap company into a focused bet on ...
Update: High wind watch affecting Northern California until Friday morning
Northern California is under an updated high wind watch which was issued by the National Weather Service on Wednesday at 4:43 ...
California Politics
California does, for a variety of reasons, take notably long to finish its vote counts. But its Secretary of State Shirley ...
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Mercury General reports Q4 2024 results as it preps for California wildfire impact
The California Department of Insurance approved a 12% rate increase for Mercury General's California homeowners insurance ...
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Mercury puts gross LA wildfire loss at up to $2bn, still undecided on one or two events for reinsurance
Los Angeles, California-based insurer Mercury General expects gross losses from the January 2025 wildfires to amount to $1.6 ...
Mercury Shares Rise After 4Q Earnings Soothe Wildfire Loss Concerns
Mercury estimates its gross catastrophe losses from the fires will be $1.6 billion to $2 billion. Its reinsurance program provides $1.29 billion of limits on a per occurrence basis after covered ...
California homeowners will have to fund half of high-risk insurer’s $1 billion ‘bailout’
The plan will impose a special charge on homeowners and insurance companies to cover $1 billion in L.A. wildfire costs ...
The Associated Press on MSN5d
Inequity seen after wildfires in California
Before a wildfire ravaged their street in northwest Altadena, Louise Hamlin and Chris Wilson lived next door to each other in ...
Ready to ‘spring forward’ in California? Here’s when daylight saving time begins
Californians will experience more daylight in the evening and less in the morning. On Sunday, Nov. 2, Californians will “fall ...